Wave analysis of EURUSD, GBPUSD, AUDUSD on December 26.
Due to the fact that important macroeconomic statistics from the United States and the eurozone are not expected today, as well as the fact that the debt market in Europe does not work, slow and unhurried movements of the currency pair can be expected. Most likely, an upward zigzag z of (x) is now forming, within which a smooth ascent is expected. However, it is not recommended to open any trading positions; in the market in the festive week, few forces, and therefore the probability is high that the market will go into building a side flat.
The layout has been adjusted to the fact that we are currently on the eve of the holiday week, so it is unlikely that impulse movements will be formed in the market. On the contrary, now is the ideal time for constructing a converging horizontal triangle. In addition, the London banks are closed due to Christmas vacations. Thus, everything says that today we will see a calm flat market.
The currency pair continues to form the final part of a rather beautiful and harmonious upward momentum (1). That's - the development of a new downward correctional wave (2), which can take the form of any correctional model except for extended side structures, will begin. Most often, the second waves take the form of zigzags or their combinations, so there is a high probability that in the near future we will see the development of the movement in a downward direction.
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